This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $106k initial cash invested.
-2.63%
Cash On Cash
6.2%
Cap Rate
0.97
DSCR
$4,014
Rent
-$233
Cashflow
Cash Flow
$4,014 income − $4,247 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,160
Closing costs
1%
$4,208
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$4,247
Mortgage P&I
56%
$2,246
Property Taxes
12%
$481
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442